AB Volvo announces repurchase of 360,000 B shares and 15,000 A shares

Further to the decision taken by AB Volvo's Board of Directors on June 17, 2004, regarding repurchase of own shares, AB Volvo has, on Monday, December 20, acquired 360,000 series B shares. The shares were traded between SEK 259.50 and 262.00 with an average price of SEK 260.55. And has acquired 15,000 series A shares. The shares were traded between SEK 249.50 and 251.50 with an average price of SEK 250.45.

On June 17, 2004, the Board of AB Volvo decided to acquire through purchase on Stockholmsbörsen (Stockholm Exchange) a maximum of 22,076,045 Series A and/or Series B shares, however, not to exceed a total purchase amount of SEK 4,300,000,000. After the repurchase, AB Volvo is in possession of a total of 7,060,246 series A shares and 23,535,797 series B shares. The total number of shares in AB Volvo consists of 138,604,945 series A shares and 302,915,940 series B shares. December 21, 2004 For further information, please contact: Media Relations: Mårten Wikforss, +46 66 11 27 or +46 705 59 11 49 Investor Relations: Fredrik Brunell, +46 31 66 11 91 or +46 705 59 10 91